International Lithium (TSXV:ILC) has received approval from the TSX Venture Exchange for the formal option agreement with GFL International Co. Ltd. to earn up to a 100% interest in ILC’s Blackstairs project in Ireland.

As quoted in the press release:

The Blackstairs Project, comprised of eight mineral exploration licences totalling 292 square kilometres, is located 80 kilometres south of Dublin straddling the Counties of Carlow and Wicklow in Leinster, south-east Ireland. The Blackstairs Project encompasses an extensive NE-SW oriented 50 kilometre long rare metals pegmatite belt situated within the East Carlow Deformation Zone along the eastern side of the Leinster Granite. Approximately 19 significant lithium pegmatite occurrences have been discovered within the Blackstairs Project to date primarily as boulder trails with five buried pegmatites known through past trenching and drilling.

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Cobre Montana NL (ASX:CXB) is focused on becoming a low-cost producer of lithium carbonate for the expanding lithium battery industry. The Company has secured a partnership with Strategic Metallurgy Pty Ltd, including the exclusive long-term licensing of hydrometallurgical processing technology.

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The long-term outlook for Lithium is positive and the worlds largest Lithium producers are confident that the next few years will see a return to robust demand growth. The main growth markets for the metal are the BRIC countries, but demand from Western economies is expected to rise as well. The automotive and aerospace industries are seen as the main catalysts for new growth as manufacturers seek to reduce fuel consumption by creating lighter weight vehicles.

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